{"id":98120,"date":"2018-09-19T09:55:37","date_gmt":"2018-09-19T02:55:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-effects-of-property-curbs-more-evident-in-resale-market\/"},"modified":"2018-09-19T10:03:38","modified_gmt":"2018-09-19T03:03:38","slug":"the-effects-of-property-curbs-more-evident-in-resale-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-effects-of-property-curbs-more-evident-in-resale-market\/","title":{"rendered":"The effects of property curbs more evident in resale market"},"content":{"rendered":"


\nPrices of resale condos in the suburbs fell the most by 1.6 percent in August from the previous month.
\nThe brunt of the government\u2019s latest property cooling measures has been more evident in Singapore\u2019s resale market than the new property sale market, Savills Singapore research & consultancy director Alan Cheong told Singapore Business Review.
\nPrices of resale condos in the Rest of Central Region was hit the most as it fell 1.6 percent month-on-month in August, revealed property data. Resale condo prices in the Core Central Region slid 0.2 percent while those in the Outside Central Region inched up by 0.8 percent. Overall, prices of resale condos fell by 0.2 percent in August.
\nRead our\u00a0Step-by-Step Guide\u00a0to buying a condo
\nThe sales volume also plunged, with resold condo units dropping 35.3 percent to 694 units in August from 1,072 units in July.
\nWith this, buyers and sellers are still testing the waters amidst the new curbs, said Lee Nai Jia, senior director & head of research at Knight Frank Singapore, and Christine Sun, head of research & consultancy at OrangeTee and Tie.
\nAnd while the resale market\u2019s outlook remains subdued, Lee expects activity to \u201cpick up after the Chinese New Year period next year\u201d.
\n\u201cThe overall resale price index may also ease, but may be uneven across the regions,\u201d he said.
\nSun expects resale properties within prime districts 1, 2, 4, 9, 10 and 11 to continue to attract buyers \u2013 just like those located near MRT stations, shopping malls and other amenities.
\n\u201cCome late-September, we should see transaction volumes in the new sale market start to pick up without price declines,\u201d said Cheong. \u201cThis should shore up the resale market.\u201d
\nCheong likened the current trend in the resale market to that of a \u2018vehicle hitting a speed bump\u2019 since it takes its cue from new sales by developers.
\n\u201cAnd if there is a dearth of launches or if the first-weekend performance at new launches is tepid, then the resale market will follow likewise,\u201d he added.
\nEstimate your maximum property affordability with our\u00a0Affordability Calculator
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…The effects of property curbs more evident in resale market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Prices of resale condos in the suburbs fell the most by 1.6 percent in August...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-98120","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-pwA","jetpack-related-posts":[{"id":101796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-prices-dipped-0-6-in-october\/","url_meta":{"origin":98120,"position":0},"title":"Resale condo prices dipped 0.6% in October","date":"November 29, 2018","format":false,"excerpt":"\r The biggest month-on-month price drop of 0.9 percent was registered by condos in the non-central region. Prices of completed non-landed private homes across Singapore declined by 0.6 percent month-on-month in October 2018 following a 0.2 percent dip in the revised reading for September, according to flash estimates of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86926,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-prices-doubled-in-march\/","url_meta":{"origin":98120,"position":1},"title":"Resale condo prices doubled in March","date":"May 2, 2018","format":false,"excerpt":"\r Prices of resale condos grew by 1.0 percent in March 2018. Resale condominium prices in Singapore rose by two-fold in March on a monthly basis, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Overall prices of completed non-landed private homes grew by 1.0 percent in March,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/growth-rate-of-resale-condo-prices-doubled-in-march\/","url_meta":{"origin":98120,"position":2},"title":"Growth rate of resale condo prices doubled in March","date":"May 2, 2018","format":false,"excerpt":"\r Prices of resale condos grew by 1.0 percent in March 2018. UPDATED: The growth in resale condominium prices rose by two-fold in March on a monthly basis, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Overall prices of completed non-landed private homes grew by 1.0 percent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-prices-up-0-1-in-september\/","url_meta":{"origin":98120,"position":3},"title":"Resale condo prices up 0.1% in September","date":"October 31, 2017","format":false,"excerpt":"\r Prices of completed non-landed private homes rose slightly by 0.1 percent in September, following a revised 0.9 percent hike during the previous month, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices in the central region climbed by 0.4 percent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39167,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-prices-down-0-7-in-november-nus-index\/","url_meta":{"origin":98120,"position":4},"title":"Resale condo prices down 0.7% in November: NUS index","date":"December 29, 2016","format":false,"excerpt":"\r Condo prices fell slightly by 0.8 percent in the central region. \u00a0 Resale prices of non-landed private homes in Singapore fell by 0.7 percent in November, continuing the revised 0.2 percent decline registered in October, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-prices-down-0-5-in-february-nus-index\/","url_meta":{"origin":98120,"position":5},"title":"Resale condo prices down 0.5% in February, NUS Index","date":"March 29, 2019","format":false,"excerpt":"\r Resale prices of non-landed private homes in Singapore fell by 0.5 percent in February, continuing the revised 0.2 percent decline registered in January, revealed latest flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices declined by 1.5 percent in the central region, which is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/98120"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=98120"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/98120\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=98120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=98120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=98120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}